Strong demand expected for one-north Gateway site launched for sale by tender
Zoned residential with commercial at the first storey, the site occupies an area of 5,778.7 sq m; URA estimates plot could yield about 165 housing units
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Singapore
MARKET watchers are anticipating strong demand for a residential-with-commercial site at one-north Gateway, launched for sale by the Urban Redevelopment Authority (URA) on Thursday, with the analysts' expected top bids ranging from S$900 to S$1,200 per square foot per plot ratio (psf ppr).
Also launched for sale by application under the first half of the 2019 Government Land Sales Programme are two residential sites at Hillview Rise and Dunman Road, though property consultants are of the view that the probability of either site being triggered for sale may not be high at the moment, given ample supply in the market.
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